Potomac Yard | Del Ray | Old Town Alexandria Real Estate News

July 22, 2009

Open House Colecroft Station Condo In Old Town Alexandria VA At Braddock Road Metro

OPEN HOUSE THIS SUNDAY | OLD TOWN ALEXANDRIA VA CONDO | COLECROFT STATION CONDOS | PENTHOUSE CONDO AT BRADDOCK ROAD METRO | OPEN HOUSE July 26 1-4 PM

Traditional sale!  Where luxury and convenience come together in Old Town Alexandria VA.  Sought after neighborhood of Colecroft Station condos, commonly known as 'the nice subdivsion across from the Braddock Road metro'.

Stop by the Open House this Sunday, and you'll be captivated by the abundance of square footage in this two bedroom/two full bath/one half bath penthouse level condo with beautiful views from the balcony and bedrooms of the Masonic Temple, and Old Town Alexandria.

The eat-in kitchen offers stainless steel appliances, including a built-in microwave.  Both bedrooms have generously sized closets and open space.  There's abundant storage, and this unit also comes with two garage parking spaces.

                  Colecroft Photo Tour  

                         

July 15, 2009

McEnearney Associates Continues To Outperform The Competition

Ranking #1 in Average Net Sales Price | Percentage of Net Sales Price To Original List Price
Average Number of Days On Market

When it comes to Northern Virginia and Washington DC real estate 'Results Matter'.  And during the first half of 2009, McEnearney Associates, Inc. Realtors outperformed the competition...once again.  If you're in the market to buy or sell real estate, choose the company known for performance, productivity, and service.

Click here for the latest statistics on how McEnearney Associates, Inc. Realtors has stacked up so far this year.

 

July 9, 2009

Exchange At Van Dorn Condo For Sale | Alexandria VA Short Sale

Exchange At Van Dorn Condo For Sale | Alexandria VA Short Sale
4854 Eisenhower Avenue, Unit 248
Condo For Sale Near Van Dorn Metro - $242,000

Alexandria VA listing agent and CPDE Tamara Inzunza is now offering this move-in ready second floor condo walking distance to Van Dorn Metro. For less than $250,000, this beautiful home includes:

  • Two bedrooms
  • One full bath
  • Hardwood floors throughout
  • Upgraded kitchen with granite countertops, built in microwave
  • Separate dining area
  • Second floor balcony
  • Assigned parking garage space
  • Master bedroom with walk-in closet
  • Separate laundry room with full sized washer and dryer

If you're renting are looking at new condos for sale in Alexandria VA, take a look at the homes for sale in the Exchange at Van Dorn.  Community amenities include shuttle to Van Dorn metro, state-of-the-art fitness center, outdoor swimming, indoor basketball court, lounge area, billiards room, business center, community kitchen, and garage parking.

If you currently own a home in Alexandra VA and are facing a financial hardship, you may qualify to sell your home through a short sale.  To see if you qualify for a short sale, please click here.

               

Posted in Buyers, Condos, Short Sales
July 8, 2009

Four Tips To Be WISE When Buying Or Selling Alexandria VA Real Estate

Well, the first half of 2009 is officially over so you have six months left to mark off the things on your resolution list.  If Alexandria VA real estate is still at the top, then here are some pointers for buyers and sellers that will help you finish strongly and not get left behind in 2009.

For Sellers: I'm reintroducing my WISE strategy.  One of the advantages of working with buyers as an Alexandria VA buyer's agent is that I hear unfiltered feedback from every single listing that I show. On home inspections, I see first hand what buyers feel are most important, and on the final walk-through, I am able to witness the excitement of a new buyer about to embark on the final stage of homeownership.

As a top Alexandria VA listing agent, at first contact, I must not only inform sellers of neighborhood sales and current market statistics, but also convey buyers expectations so that they are able to capitalize on this information and reduce their days on market.  My WISE strategy includes:

  • A home Warranty: providing a home warranty gives the buyer added peace of mind that if necessary repairs come up after closing, they can keep their expenses down by only paying for the deductible, which is usually less than $150.  When listing a home with a home warranty, the seller is able to take advantage of the coverage, and pay for the warranty cost (usually less than $450) at closing.
  • A prelisting Inspection: no seller wants to be caught off guard after securing a buyer, with costly repairs.  Having a pre-listing inspection enables you to be an informed seller, and gives you the opportunity to convey the home in better condition, which increases your chances of multiple offers, not just one.
  • Home Staging: I highly recommend making the home showroom ready for the buyers eye.  Buyers need to see the full functionality of a home and how the spaces can be used.  If buyers can't envision their furniture in your home, then they will think that it's not a good fit.  Staging shows off the space that your home has to offer and also reduces days on the market.
  • Evaluated: Recent strict appraisal standards have caused many homes to appraise low.  A low appraisal can break a deal for many sellers, especially if closing costs have already been negotiated. Pricing is the most important factor in selling a home.  As a Realtor, I can provide a market analysis to give you a recommend price range.  Sellers may also hire an independent appraiser for an exact figure, and I can provide price opinions from other colleagues by hosting a broker's open.

For Buyers: With all of the emails, phone calls, text messages, and Facebook requests for information about my listings, the most common mistake that I still see today's buyers make is not being preapproved prior to looking at homes.  Lending guidelines have changed, appraisal guidelines have changed, buyers can't rely on the internet for a qquick and instant loan approval anymore.

The loan approval is not a commitment to buy a home.  The loan approval is necessary, and beneficial because it includes the following:

  • tells you your credit score allows you to see if there are any discrepancies in your credit report,
  • tells you what loan programs you qualify for,
  • tells you what your estimated closing costs will be,
  • tells you your estimated monthly payment for a given price range

I've witnessed many buyers do themselves a huge disservice because they find a home they like, and are not approved. 

For the last half of 2009, both buyers and sellers can be WISE when it comes to Alexandria VA real estate.

                 

Posted in Buyers, Sellers
May 28, 2009

Del Ray Homes For Sale | Bungalow At 206 E. Duncan Avenue

Alexandria VA Real Estate And Homes For Sale | Del Ray Homes For Sale
Del Ray Bungalow At 206 E. Duncan Avenue

 

Where convenience and affordability come together!  Move-in condition Del Ray Alexandria VA bungalow detached home for sale right off Mount Vernon Avenue. Double the enjoyment and privacy with front and rear porches!  Two bedrooms + den, rear kitchen with gas cooking, and a finished basement with laundry room, half bath, and lots of storage!  Take advantage of the First Time Homebuyers Tax Credit and kiss your renting days good-bye!

See Also: Buy Low And Buy A Bungalow

Del Ray MLS Search: View All Homes For Sale In Del Ray

Photo Tour: See More Photos Of The Bungalows Of Del Ray

Already Own In Del Ray: Find Out How Much Your Del Ray Home Is Worth

Upside Down: Find Out If You Qualify For A Short Sale

Posted in Buyers, Sellers
May 26, 2009

Information On How To Buy A Short Sale In Alexandria VA

Short sales have penetrated the Alexandria VA real estate market, and are now common place.  Our local Multiple Listing Service (MLS) has recently made short sales and foreclosures required fields when inputting a new listing.  Now, agents have the ability to include and exclude short sale listings when searching for homes for buyers.

Until recently, buyers were usually strung along after submitting an offer on a short sale property.  Months would go by, and nothing would happen.  The home would either go into foreclosure, or the deal would just die.

Now, short sales are becoming more palatable to both buyers and buyer agents in Alexandria VA, and with good reason.  Extensive short sale information and training is now available to agents, and banks have increased their short sale labor force to service the mounting volume.

But many Alexandria VA buyers are still confused as to how to approach these types of properties.  As a CDPE agent, when assisting a seller with a short sale, my goal is to obtain the highest possible price the market will bear.  This means analyzing the most recent sales, and suggesting a list price that is in line with what has most recently sold in the neighborhood that is NOT a distressed sale.

A short sale listing is not an open invitation to a low ball offer.  As an Alexandria VA short sale listing agent, I encourage my sellers to counter low-ball offers so that we can show the bank that we are making a good faith effort to obtain market value for the home.

Contrary to popular belief, you're not doing the seller or the bank any favors with a low ball offer on a short sale.  What many buyers don't realize is that once the bank has received the purchase offer with the complete short sale package, the bank will order an appraisal for the home.  If the purchase offer is lower than the appraised value, then the bank will counter the offer to the appraised value.

I've seen many Alexandria VA home buyers get discouraged when their initial low offer is countered, or rejected by the listing agent.  But it is in the seller's best interest to present a purchase offer of fair market value to the bank, to increase the chances of their application for an Alexandria VA short sale to be approved.

       

Posted in Buyers, Sellers, Short Sales
May 25, 2009

Woodbridge VA Short Sale | 4566 Perch Branch Way

4566 Perch Branch Way | Woodbridge VA Short Sale
Affordably Priced at $229,900

You'll be taken aback once you view the photos for this beautiful move-in ready home.  Have you been constantly searching and only finding Woodbridge VA real estate and homes for sale that need lots of work, haven't been maintained, and just aren't up to par?  Then you'll breathe a sigh of relief when you see this Woodbridge VA home for sale that has your name on it.

Three bedrooms, three full baths, one half bath, rear upper and lower decks, eat-in kitchen, all in this three fully finished level townhome.  Deceivingly large, bright, open, and super clean!  Bring your big furniture because our room sizes are functional and there's plenty of room to grow.  The living room has a gas fireplace, perfect for relaxation.

Note: Tamara Inzunza of McEnearney Associates Inc. is a Certified Distressed Property Expert (CDPE Agent) specializing in helping homeowners with short sales in the areas of Alexandria, Lorton, and Woodbridge VA.  If you are facing a financial hardship, and need to speak confidentially with an experienced agent, please email me, or visit www.AlexandriaShortSale.info to see if you qualify for a short sale.

   

       

Posted in Sellers, Short Sales
May 25, 2009

Memorial Day Greetings

Posted in Fun, News
April 29, 2009

Laurel Hill Home For Sale | 8125 Bluebonnet Drive

Lorton VA Real Estate And Homes For Sale | The Estates Collection
At Laurel Hill | The Wentworth | $765,000

Seldomly available Grand Wentworth model now available in the Estates Collection of Laurel Hill.  Open floor plan built by Pulte homes, this beautiful brick front colonial boasts four generously sized bedrooms, three full baths, and two half baths.  Other special touches include:

  • Marble entry foyer
  • Custom crown and chair moldings
  • Butler's pantry + walk-in pantry
  • Rear gourmet kitchen with corian countertops, gas cooking, double wall oven, side-by-side refrigerator, and built-in microwave
  • Step down family room with gas fireplace
  • Rear office with built-in bookshelves
  • 'Jack-and-Jill' baths upstairs
  • Princess suite with walk-in closet and full bath
  • Master bedroom with sitting room
  • Landscaping, rear upper deck, lower patio, fenced back yard backing to private trees

If you're in the market for Lorton VA real estate and homes for sale, or homes for sale in Laurel Hill, put this move-in ready home at 8125 Bluebonnet Drive at the top of your list.

                  

Posted in Buyers
April 23, 2009

Beware Of Upfront Costs When Buying A Foreclosure Or Bank Owned Home In Alexandria VA

The Alexandria VA real estate market has its fair share of foreclosure and bank owned (REO) homes for sale. As the banks get ready to unleash a new wave of foreclosures into the real estate market, I thought it would be good to offer you some insight on the expenses you may incur as a buyer when looking at foreclosure and REO homes for sale in Alexandria VA.

Some of the phrases that you will commonly see in the remarks of a foreclosure listing can include 'AS-IS', or 'Home has been winterized', or 'Buyer responsible for utilities for any and all inspections'.
While many Alexandria VA home buyers only consider the sales price as a deep discount on a foreclosure or REO home for sale, there can be out of pocket expenses even before the sale is final. For example, the average home inspection will range $300-$500 depending on the size of the home. Other inspections such as radon can cost up to $150, a termite inspection $50, and a roof inspection $150-$200. But if there are no utilities, and the home has been winterized, you may also have to incur the cost of hiring a plumber to de-winterize the home and turn on ALL of the utilities in your name. All this before you've even fully commited to the home purchase!

Banks will pay to have a home winterized to limit their liability and the likelihood that pipes will burst in the home during the cold weather months. Where there's water, there's eventually mold, so banks reduce the risk of property damage by winterizing the home. And shutting off the utilities deters squatters.

All bank foreclosures in Alexandria VA are advertised as being sold in as-is condition, but the buyer is usually given a specific time period for inspections. Once the inspections are complete, you will have to shut off the utilities and pay to have the home re-winterized. Even if you decide to move forward with the purchase after the inspections, the bank still bears the liability until closing so they will want the home to stay in a 'vegetative state' until the deal is done.

Distressed properties for sale in Alexandria VA can indeed be a great opportunity to find a below market deal.  But buyers should understand that preparing a home for an inspection is an additional expense.  It's part of the cost of getting a good deal.

                  

Posted in Buyers